Home Economy Japan’s Q3 growth forecast trimmed further on COVID-19 drag

Japan’s Q3 growth forecast trimmed further on COVID-19 drag

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People wearing protective masks, amid the coronavirus disease (COVID-19) outbreak, make their way at a shopping district in Tokyo, Japan, September 9, 2021. REUTERS/Kim Kyung-Hoon/File Photo

  • <a href=”reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=JPGDPAP GDP poll data”></a>
  • <a href=”reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=JPCPIAP core CPI poll data”></a>

TOKYO, Oct 15 (Reuters) – Japan’s economy likely grew at a slower pace than previously expected last quarter and faces ongoing risks from soaring raw material prices and coronavirus-linked production and supply disruptions, a Reuters poll of economists showed on Friday.

Government and central bank policymakers are hoping a jump in consumer activity put the export-reliant economy firmly on a recovery path after Japan saw COVID-19 case numbers plummet and made progress on vaccinations.

Analysts, however, warned of risks such as an unexpected economic…

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